Hardware Delays and Rising Competition Impact Verifone's Fiscal 2016
Verifone’s fiscal 2016 results reflected the headwinds facing point-of-sale hardware manufacturers and their disadvantages position in the payment ecosystem, as networks extended gas station EMV installation deadlines by a full three years. Furthermore, mobility continues to be a key issue. While Verifone is rolling out hardware for pay-at-the table service in restaurants as well as in other retail environments, this trend will also open up opportunities for competitors. Verifone’s Carbon system...VeriFone Systems is a holding company. Through its subsidiaries, the company provides payments and commerce solutions at the point of sale (POS). The company is engaged in designing, manufacturing, marketing and supplying a range of payment solutions and complementary services. The company's system solutions consist of POS electronic payment devices that run its operating systems, security and encryption software, and certified payment software, and that are designed to suit its clients' needs in a range of environments, including multilane and countertop implementations, self-service and unattended environments, in-vehicle and portable deployments, mobile point-of-sale solutions, as well as iPOS solutions.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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